Will BTC Outsmart Gold In 2022 Explained?
When philanthropists and entrepreneurs believe that a technology could usurp and establish a new world order, it sets up a launchpad for the tech to scale new heights. Apparently the same has happened with Bitcoin when Peter Theil, a pro-crypto and pro-Bitcoin maximalist vehemently criticized Warren Buffer calling him a sociopath for leveling Bitcoin as?probably rat poison squared for investors.?
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Here’s a few good reasons to believe why Bitcoin could outsmart gold in 2022.
Goldman Sachs has emphasized that BTC will reach as high as $100,000 in the coming years. The reason for the same is gold’s proportion to Bitcoin in portfolio has started to dwindle. Having said that, it could very well mean that BTC can certainly reach $100,000 in the coming few years. It could be as early as the havleving scheduled for May 2024, or it could be at a later rate. But under no circumstances this claim can be invalidated citing that demand for BTC has risen not only by retail and institutional investors but even governments.?
At present, El Salvador has already adopted BTC as a legal tender, Argentina, Tonga and it could very likely be Venezuela and other countries accepting BTC both as a hedge against inflation, as well as a payment gateway to bypass sanctions.?
To read more- https://blog.coindhan.com/2022/05/11/will-btc-outsmart-gold-in-2022-explained/